MIRA INFORM REPORT
|
Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMPURNA-JEEVAN
PHARMACHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
19/83, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-130218 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232PN2007PTC130218 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ayurvedic Medicines. |
|
|
|
|
No. of Employees
: |
16 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appear some accumulated losses recorded by the company. However,
trade relations are reported as fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Balasaheb Mahadev Patil |
|
Designation : |
Director |
|
Contact No.: |
91-9657721511 |
|
Date : |
19.12.2012 |
LOCATIONS
|
Registered Office : |
19/83, Near |
|
Tel. No.: |
91-230-2420598 |
|
Mobile No.: |
91-9657721511 (Mr. Balasaheb Mahadev Patil) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
104, 4th Phase, Sector F, Parvati Co-Operative Industrial
Estate, Yadrav, Ichalkaranji – 416 115, |
|
Tel. No.: |
91-2322-252316 |
|
Fax No.: |
91-2322-252205 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Balasaheb Mahadev Patil |
|
Designation : |
Director |
|
Address : |
19/83, Near |
|
Date of Birth/Age : |
22.11.1964 |
|
Date of Appointment : |
28.05.2007 |
|
DIN No.: |
01461941 |
|
|
|
|
Name : |
Dr. Sunanda Balasaheb Patil |
|
Designation : |
Director |
|
Address : |
19/83, Near |
|
Date of Birth/Age : |
17.08.1966 |
|
Date of Appointment : |
28.05.2007 |
|
DIN No.: |
01461954 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Balasaheb Mahadev Patil |
|
470 |
|
Sunanda Balasaheb Patil |
|
500 |
|
Mahadev Patil A/p. Takawade |
|
10 |
|
Shrikant S. Chougule A/p. |
|
10 |
|
Satish Daribe (Karan Industries) |
|
10 |
|
Total |
|
1000 |
As on 10.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Balasaheb Mahadev Patil |
|
11060 |
|
Sunanda Balasaheb Patil |
|
11940 |
|
Abhijit B. Patil |
|
1000 |
|
Total |
|
24000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
97.00 |
|
Other
top fifty shareholders |
|
3.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ayurvedic Medicines. |
|
|
|
|
Products : |
v
Oil v
Powder v
Tablets v
Balm v
Syrup v
Ghruts v
Bhasmas v
GUGGUL |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v
Clip Machinery Private Limited v
CMC Machinery v
Modi Antibiotics v
Shree Electricals v
Laxmi Engineering Equipment v
Sawan Plastic Production v
Yash packaging v
Vivek Saptahik v
Shree Offset Printers v
Yogi Plastic Industries Private Limited v
Sai Auto Leads v
Climax Advertising Agency |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users and Distributor v
Arihant Distributors (Aarag) v
Chobe Agencies (Bhokardan) v
Sai Shyam Medical ( v
Prakash Medical Store ( v
Raj Medical (Katol) v
Neeraj Agencies (Latur) v
v
Paras Ayurvedic Bhandar (Mumbai) v
Pooja Agencies (Palus) v
United Drug Agencies, ( v
V-Pharma Distributors (Nanded) v
Shree Krishna Agro Chemicals Fertilizer |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
16 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
v Bank of v Nutan Nagari Sahakari
Bank Limited, Ichalkaranji, Ichalkaranji Branch, Ichalkaranji – 416 115, v Shree Veershaiv Co-Operative Bank Limited, Mandai Branch, v Dombivli Nagari Sahakari
Bank Limited v
State Bank of |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajiv C. Arora Chartered Accountant |
|
Address : |
10/270, Bawane Galli, |
|
Tel. No.: |
91-230-2425923 |
|
Income-tax
PAN of auditor or auditor's firm : |
ADRPA3572C |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
|
|
|
|
|
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money (Pending Allotment) |
2.400 |
2.400 |
2.400 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.036) |
(0.225) |
(0.001) |
|
|
NETWORTH |
2.464 |
2.275 |
2.499 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.105 |
11.535 |
6.476 |
|
|
2] Unsecured Loans |
1.327 |
0.577 |
0.197 |
|
|
TOTAL BORROWING |
11.432 |
12.112 |
6.673 |
|
|
DEFERRED TAX LIABILITIES |
0.284 |
0.356 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.180 |
14.743 |
9.172 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.446 |
9.556 |
0.420 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
8.304 |
|
|
Pre-Operative Expenses |
0.000 |
0.000 |
0.804 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.302 |
0.302 |
0.002 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.349
|
5.966 |
0.448 |
|
|
Sundry Debtors |
5.765
|
3.297 |
0.000 |
|
|
Cash & Bank Balances |
0.079
|
0.090 |
0.019 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.265
|
0.332 |
0.449 |
|
Total
Current Assets |
13.458
|
9.685 |
0.916 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.777
|
3.698 |
1.254 |
|
|
Other Current Liabilities |
2.161
|
0.718 |
0.096 |
|
|
Provisions |
1.140
|
0.453 |
0.010 |
|
Total
Current Liabilities |
8.078
|
4.869 |
1.360 |
|
|
Net Current Assets |
5.380
|
4.816 |
(0.444) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.052 |
0.069 |
0.086 |
|
|
|
|
|
|
|
|
TOTAL |
14.180 |
14.743 |
9.172 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
9.770 |
9.739 |
0.448 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
9.770 |
9.739 |
0.448 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
9.518 |
8.365 |
0.448 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
9.518 |
8.365 |
0.448 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.252 |
1.374 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.133 |
1.239 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.119 |
0.135 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.070) |
0.359 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.189 |
(0.224) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
189.00 |
(224.00) |
0.00 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.30.000 millions
The above information has been parted by Mr. Balasaheb Mahadev Patil
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.93
|
(2.30) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.54
|
0.70 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.06 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.92
|
7.46 |
3.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
1.99 |
0.67 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
PROSPECTS FOR THE
CURRENT YEAR:
The outlook for
the current year is good. The directors have taken steps for improving the
quality and decided to give emphasis on marketing, strengthen the internal
control and recovery of the Debtors.
FINANCE:
The financial position of the company was satisfactory during the year.
CONTINGENT LIABILITIES: (AS ON 31.03.2011)
A) Claims not acknowledged as debt – Nil
B) Counter Guarantee of Rs.11.500 millions in
respect of personal guarantee given by the Directors to the Shree
Veershaiv Co-Operative Bank Limited,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24232PN2007PTC130218 |
|
Name of the
company |
SAMPURNA-JEEVAN PHARMACHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
19/83, Near E-Mail: amrutparakh@rediffmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Bank of E-Mail: amrutparakh@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Composite Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
28.06.2012 |
|
Amount secured by
the charge |
Rs.15.600
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: R.O.I. = 3.5%
over base rate Terms of
Repayment: As per agreement Margin: a) Term Loan of
Rs.4.000 millions = 30% on Book debts and 25% on inventory b) Term Loan of
Rs.4.600 millions = 30% on Civil work to be carried out and 25% on Plant and
Machineries c) Cash Credit of
Rs.7.000 millions = 30% on Book debts and 25% on inventory. Extent and
Operation of the charge: First and
exclusive charge on property. |
|
Short particulars
of the property charged |
The whole of the
Borrower's stocks, both present and future and including all stocks of raw
materials, work-in process, semi-finished goods and finished goods such as
Ayurvedik Medicines viz Capsules Tablets, Syrups, Oils, Ointments and various
types of cosmetics packing material and stores etc. All the present
and future book debts, outstanding, monies receivables, claims, bills,
contracts, engagements and securities etc. All the tangible
movable machinery and plant and cranes, boats, crafts and the vehicle of
borrower together with spares, tools, and accessories and other movables both
present and future, and the furniture, fixtures and fittings and office
equipment whether installed or not and whether lying loose or in the case
which are now lying or stored in relating or pertaining to the borrower works
at Plot No.104, Sector F, Phase 4, Parvati Co-Operative Industrial Estate,
Yadrav, - 416145. |
FIXED ASSETS:
v
v Air Conditioner
v Computer and Software
v Mobile Handset
v Electric Installation
v
v Furniture
v Other Fixed Assets (Equipments)
v Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.